We did get a 3500 sq ft classic at auction & then flipped it to a veteran who completely restored it, including the magnificent ceiling scrolls that were buried under a dropped drywall ceiling complete with the old gas lights of years gone by. 

We turned a closet into a bathroom, a study into a bedroom, added a brand new kitchen, refined flooring, opened top the space by cutting out a wall and adding an eating space, handmade radiator covers, restored historic stained glass windows and an epic fireplace! 

We are worried that once we acquire the property, and rent it out, a disgruntled tenant could retaliate by reporting us to zoning, claiming that the conversion was illegal and we'd need to restore the unit to single family home or pay a fine and agree and cease renting it in the future.I realize that this is an extreme case and is unlikely to happen but I just want to make sure that we fully cover our bases before make this purchase.

Cash invested: $21,000 I am restoring a 1911 sleeper car as a short-term rental (Airbnb/Vrbo) on property along Route 66 in Central Illinois.

The house is salvageable and I am just waiting for my flood insurance to provide a $20k advance to begin restoration.

Hello, I hired a restoration company to remediate a mold problem 2 weeks ago but we failed the clearance test.

After all of the advice I have received, my faith in humanity has been restored!

.- PLACE INDUSTRIAL AIR MOVERS THAT MOVE A TREMENDOUS AMOUNT OF AIR TO SPEED THE DRYING PROCESS.4.SANITIZING AND ODOR REMOVAL (IF ANY) ARE NOT INCLUDED HERE AND WILLBE PART OF THE RESTORATION PROCESS.5.JOBSITE AREA WILL BE COMPLETELY CLEANED UP AND ALL DEBRIS REMOVEDOFF SITE.6.EMERGENCY BOARD UP SERVICE ON 7/23/11 TO PROTECT PROPERTY.7.SEND DIGITAL IMAGES OF COMPLETED WORK.CONTRACT PRICE BELOW REPRESENTS $3000.00 FOR THE DEMO WORK AND $200.00 FOR THE EMERGENCY BOARD UP.CONTRACT PRICE:$3,200.00PAYABLE AS FOLLOWS:$ 3,200.00- UPON SUBSTANTIAL COMPLETION; TO BE WIRED ON 7/25/11

Based on my limited exposure to the new construction space:Big time builders/developers are building at $70-90/sqftInstitutional restoration companies rebuild at around $100-125/sqft High-end prefab is going at about $150-190/sqftMulti-family prefab is going at $140-220/sqftWe have bids for high-end customs ranging from $210-250/sqft (just building to shell). 

Father was chef & restaurateur... following in footsteps with food interest (but will never open restaurant to preserve sanity)... dabble in Porsche restoration.